Scholars have proven that if someone is involved in a certain activity for 21 days, this is sure to become a new habit. The shutdown in the US economy confirms the case. If a person stays home for a few weeks, his/her lifestyle shifts to a completely new level. Recent polls revealed a new trend in the mindset of Americans. Despite the fact that most sectors in the US economy are being reopened, people are unwilling to go back to work. There is a number of reasons for that. The most popular excuse is that they have lost the feeling of emotional satisfaction. Besides, Americans are pleased to spend more time with their kids. Last but not least, generous government benefits are the underlying reason, though this is not said directly in opinion polls. Interestingly, the stay-home directive and massive lay-offs sparked off a flood of indignation which was manifested by Americans in the streets. However, the rage has been ebbing nowadays. Practical Americans discovered that they can take full advantage of the coronavirus stimulus checks from the government. Most of them revised their earlier habits and lifestyle. They realized that too much money was wasted on entertainment. Under the forced isolation, people slashed their spending. The beauty is that decent financial aid from the government is complemented by regular unemployment benefits. This money is enough to enjoy a moderate comfortable life. At the same time, they have plenty of free time to spend with their families and devote to their hobbies.
The US authorities have been implementing a wide social support program. It includes compensation of a shortfall in income to fired employees plus $12,000 extra. Besides, the government introduced soft loans to encourage employers to extend contracts with their personnel for 8 weeks. Apart from the federal financial aid, people are provided with free food and other benefits from the state governors. No wonder, Americans are in no hurry to look for a new job.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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